.thepentagonnowcutting the amount of persian gulf aircraft carriers from two to one and delaying the fueling to save money. >> and others are ramping up spending and senior fellow at the advanced studies, lt. colonel tony schaeffer joins us now. >> how are you. >> alisyn: doing well. three weeks from now, march 1st, if congress doesn't get its act together there are sweeping military cuts set to go in place and this, at the same time that we know that china and russia, in the face of two decades will outpace us with their military spending. what do you make of that? >> well, firstoff, we spend 40% of the world's budget on defense right now and i think what we have to do is fix our strategy first. one of the problems is, ali, we have had the same basic frame work since 1947 and 1947 with some adjustments in the 80's, we figure out the real threats. i always talk about the beginning with the end in mind and this is where we have an opportunity here, since we won the cold war, we're ending the wars in afghanistan and iraq, time to rethink how we focus what we do. we've noticed spending money on